EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 25 September 2023 An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA
Bloomberg: Stournaras deems cut likeliest next step as rates hit peak
The European Central Bank (ECB) is more likely to lower borrowing costs as a next move, rather than raise them further, Governing Council member Yannis Stournaras said. However, Bundesbank President Joachim Nagel said it’s too soon to say whether rates have peaked, Bloomberg reports. Read more
EURACTIV: EU bank chief warns against ‘Colonialism 2.0’ as green transition progresses
European Investment Bank (EIB) president Werner Hoyer highlighted the importance of climate action but warned of the risks of exploitation of the Global South during a speech heard by EURACTIV. He added that there is no shortage of technological ideas and financial capital to address investment needs for the green transition. Read more
Reuters: Swiss National Bank to expand liquidity provision to banks
As reported by Reuters, the Swiss National Bank (SNB) will provide funds secured against mortgages to all commercial banks, expanding liquidity provision to the sector. "No matter their size, banks can find themselves in a situation where they need significant liquidity quickly," SNB Vice Chairman Martin Schlegel said, citing risks such as general uncertainty in the banking sector or cyber attacks on individual lenders. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 25 September
Tuesday 26 September
Wednesday 27 September Thursday 28 September -
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Council Working Party on Tax Questions (Direct Taxation) -
Council Horizontal Working Party on Cyber Issues -
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ENISA Cybersecurity Market Analysis Conference -
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Friday 29 September |
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FROM EBF MEMBERS
HUB: Increase in the number of calls to bank clients regarding investing in cryptocurrencies with high returns
Recently, there has been an increase in the number of calls to bank clients about opportunities to invest in cryptocurrencies with a large return for a small investment. The Croatian Association of Banks (HUB) warns that such a situation might not be the first step in smart investing but the beginning of sophisticated investment fraud. Read more (HR)
LBA: Partnership to elevate Token Due Diligence
Particula and the Liechtenstein Bankers Association (LBA) announce a partnership to enhance token due diligence processes. Thanks to advanced analytics and machine learning, the collaboration will set new benchmarks in the evaluation of tokenized assets. Read more
Finance Finland: Financial industry awarded for sustainability and ICT
An award has been granted to Finansforbundet and Finance Norway. The government justifies the allocation of the award to the financial industry as the industry has been faced with new demands, including for green and sustainable investments. Read more (NO) |
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FROM THE INSTITUTIONS
ECB: A Mediterranean Odyssey
Even if the Mediterranean is not the same unified region it was in antiquity, its countries share challenges that transcend borders. "We can only restore the economic and environmental balance by working together," says European Central Bank (ECB) President Christine Lagarde. Read more
ESMA: Overview of EU securitization markets
The European Securities and Markets Authority (ESMA) published a study setting out the details of the EU securitization market. The scope of the study is limited to public securitization deals issued after 1 January 2019. Read more
BIS: Looking at the opportunities on the way to a sustainable economy
In a speech published by the Bank for International Settlements (BIS), Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank, discusses climate change and the role of central banks. "Companies should include transition plans in their broader strategy. In fact, they should be part of their risk management," she says. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
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